Joby Aviation closes $591 million stock offering with full underwriter option
Power Integrations Inc. stock reached a 52-week low, closing at 38.59 USD. According to InvestingPro data, the company maintains strong financial health with a current ratio of 7.43x and holds more cash than debt on its balance sheet. This marks a significant downturn for the company, which has seen its stock value decline by 38.77% over the past year. Despite market challenges, the semiconductor manufacturer, known for its energy-efficient power conversion solutions, maintains a solid 54.8% gross profit margin and has consistently paid dividends for 18 consecutive years, with 12 years of consecutive increases. Investors are closely monitoring the situation to assess future performance and potential recovery opportunities. With revenue growth of 7.2% in the last twelve months and analysts projecting profitability this year, detailed analysis and additional insights are available in the comprehensive Pro Research Report on InvestingPro, which covers over 1,400 US stocks.
In other recent news, Power Integrations reported its financial results for the second quarter of 2025, where the company missed earnings per share (EPS) estimates but exceeded revenue forecasts. The EPS was $0.35, slightly below the projected $0.36, while revenue reached $116 million, surpassing the expected $115.02 million and marking a 9% increase compared to the previous year. Despite the revenue beat, the company faces near-term challenges, as noted by Benchmark, which lowered its price target from $70.00 to $55.00 due to weak guidance and macroeconomic headwinds.
Additionally, Power Integrations announced the departure of its Chief Financial Officer, Sandeep Nayyar, effective October 4. Nayyar, who has served as CFO since 2010, will be moving to Altera. Eric Verity, the senior director of finance, will step in as interim CFO while the search for a permanent replacement is underway. Both Benchmark and Stifel have maintained their Buy ratings on the company, despite the executive change. The company has also reaffirmed its third-quarter financial outlook, initially provided on August 6.
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